15 November 2010 05:12 [Source: ICIS news]
SINGAPORE (ICIS)--Global energy demand for all fuels is expected to grow by 35% by 2030 from 2005 as the world economy doubles, US oil major ExxonMobil said on Monday.
David Reed, a senior energy advisor at the company's corporate strategic planning department, said energy usage was expected to be more efficient in the future.
The report estimated world population would be 8bn in 2030 and global GDP would increase by around from 2005, with energy supply being a mix of fossil fuels, nuclear and renewable sources.
The Asia Pacific region would see a major increase in energy demand, compared to North America and Europe, with
While coal consumption for power generation in the
However, the share of coal as a power generation in fuel was expected to fall in Asia Pacific, while the share of natural gas, nuclear, and wind was expected to increase, the report added.
Global demand for oil would be rising from 2005 at an average of 0.7% annually to reach about 200 quadrillion (200,000,000bn) British thermal units (Btu) in 2030, while gas demand would grow an average of 2.0% per year to reach about 165 quadrillion Btu, the report stated.
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